UPDATED WITH BGO partnership details: Starlight Investments and BGO have acquired a new, 227-suite apartment building in the Greater Toronto Area (GTA) city of Pickering, expanding a joint venture valued at over $600 million in assets.
The Greater Toronto Area condominium market is languishing despite interest rate cuts and initiatives by some municipalities to hasten approvals and lower development costs. This means a recent spate of insolvencies in the condo sector is likely to continue.
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